8621 Olin Street, Los Angeles, California 90034, Los Angeles, 90034 - 4 bed, 4 bath

8621 Olin Street, Los Angeles, California 90034 home-pic-0
ACTIVE$1,875,000
8621 Olin Street, Los Angeles, California 90034
4Beds
4Baths
2,062Sqft
4,751Lot
Year Built
Close
-
List price
$1.88M
Original List price
$2M
Price/Sqft
$909
HOA
-
Days on market
-
Sold On
-
MLS number
25503585
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.88M(59th), sqft - 2062(59th), beds - 4(62th), baths - 4(74th).

This extensively renovated property offers a chance to invest in a growing and dynamic area of Culver City. Featuring a beautifully remodeled front house and a newly constructed back house, this property presents an incredible opportunity for both long-term appreciation and rental income. Front House: This stunning spacious 3-bedroom, 2.5-bathroom home has undergone an extensive interior and exterior remodel, with every detail thoughtfully updated. The home boasts all-new systems and appliances including new plumbing, electrical, and roofing, ensuring modern comfort and peace of mind. The open living space is flooded with natural light from an abundance of large picture-frame windows and features a cozy gas fireplace and modern finishes. The kitchen boasts all new stainless steel appliances, white cabinetry and plenty of counter space, perfect for entertaining. The primary bedroom will be your retreat with a modern en-suite bath and generous walk-in closet. Back House: A 1-bedroom, 1-bathroom, basically new construction, this back house is a standout addition to the property. Complete with modern amenities and finishes, it's ideal for rental income, guests, or as a private getaway. Just a short stroll to the vibrant Helms Design District and only minutes to downtown Culver City, residents can enjoy the best in dining, shopping, and entertainment. With its prime location and two separate living spaces, this property is a must-see for investors looking to capitalize on the potential of Culver City. Don't miss out on this exceptional opportunity!

Price History

Date
Event
Price
11/30/21
Sold
$980,000
Condition Rating
Excellent

This property features an extensively renovated front house with all-new systems (plumbing, electrical, roofing) and appliances, alongside a newly constructed back house. The kitchens boast new stainless steel appliances, white cabinetry, and modern finishes, while bathrooms are contemporary and stylish. Flooring appears new and consistent throughout. Despite a lack of explicit central cooling, the comprehensive and recent nature of the renovations and new construction, as evidenced by the description and images, indicates a virtually new condition meeting current quality standards.
Pros & Cons

Pros

Dual Living/Income Opportunity: The property features a beautifully remodeled front house and a newly constructed back house (ADU), providing excellent potential for rental income, multi-generational living, or guest accommodation.
Comprehensive Modern Renovation: The front house has undergone an extensive interior and exterior remodel, including all-new plumbing, electrical, and roofing, ensuring modern comfort and reduced maintenance.
Prime Culver City Location: Situated in a growing and dynamic area, just a short stroll to the vibrant Helms Design District and minutes to Downtown Culver City, offering desirable amenities and strong appreciation potential.
Turnkey & Updated Interiors: Both units boast modern finishes, new stainless steel appliances, and thoughtful updates, making them move-in ready and appealing to contemporary tastes.
Abundant Natural Light: The front house features an open living space 'flooded with natural light from an abundance of large picture-frame windows,' enhancing the living experience.

Cons

Lack of Central Cooling System: The description highlights a 'cozy gas fireplace' but makes no mention of a cooling system (like central AC) for either unit, which could be a significant drawback in Los Angeles' climate.
Limited Outdoor Space Details: While a back house is present, the description doesn't elaborate on dedicated private outdoor spaces or yards for either unit, which might be a consideration for some buyers.
Potential Overpricing: The current list price of $1.875M is notably higher than the property's estimated value of $1.728M, suggesting it may be priced above current market algorithms.

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